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Wall Street took a breather on Thursday after scaling new peaks the day before. Investors, energized by chipmaker Arm's positive outlook, are eagerly awaiting upcoming corporate earnings reports for fresh market inspiration.

As of 11:38 AM ET, the Dow was down -119.2695 points, or -0.3084%, at $38558.09. The Nasdaq Composite added 44.3125 points, or 0.2496%, at $17799.385. The S&P 500 declined -5.0801 points, or -0.1017%, at $4989.98. Among the 11 major S&P 500 sectors, 7 showed negative movement, with Utilities leading the way with a -0.67% decrease. 

After nearly breaching the 5,000 mark for the first time, the S&P 500 took a breather today, consolidating its gains and hovering near its previous close.

Economic data sings and earnings reports cheer, leading to a stock market rally that has the S&P 500 knocking on the door of a psychological milestone. However, some investors raise an eyebrow, concerned about the sustainability of this climb due to its reliance on a small group of mega-cap companies.

Top Movers: Under $10

Syra Health Corp. (SYRA) is up 262.75% today to trade at the current level of $4.03. This comes after the company announced partnership for a federal contract valued at $75 billion.

U Power Ltd (UCAR) zoomed 41.12% in today’s trade to $0.09 after announcing appointment of new independent director.

In current trading, AgEagle Aerial Systems Inc. (UAVS) stock is at $0.09 after announcing the procurement of a fleet of eBee X and eBee TAC drones by UT-Battelle, LLC, which manages and operates the Oak Ridge National Laboratory (ORNL) on behalf of the U.S. Department of Energy (DOE).

Iris Energy Ltd (IREN) rose 16.26% in the early hours of today's trading to move at $4.79 after announcing commencement of GPU cloud service with leading AI company, Poolside AI SAS.

In the current trading session, BlackSky Technology Inc (BKSY) jumped 12.80% to $1.41 over a previous close of $1.25 after winning approximately $50 million in multi-year contracts for Gen-3 capabilities and services to accelerate sovereign space capabilities for Indonesian Ministry of Defense.

Ex-Dividends Stocks

Apple Inc (AAPL) is about to trade ex-dividend tomorrow, meaning that investors who buy the stock after tomorrow will not be eligible for the next dividend payment. The company's next dividend payment will be $0.24 per share. It has fixed February 12 as the record date for the same and will pay the actual dividend on February 15. Last year, the company distributed a total of $1.01 to its shareholders. Based on the last year's worth of payments, AAPL has a trailing yield of 0.53% on the current stock price of $188.16.

Another stock that is shelling out dividends tomorrow is Papa John's International, Inc. (PZZA), having a market capitalization of $2.46B. It will pay a dividend of $0.46 per share, the payment date of which is February 23. Currently, the stock is trading at a trailing dividend yield of 2.28%.

Shares of United States Steel Corp. (X) will be the talk of stock market on Friday as the stock will turn ex-dividend. The company's next dividend payment will be $0.05 per share, and in the last 12 months, it paid a total of $0.20 per share. Last year's total dividend payments show that X has a trailing yield of 0.43% on the current share price of $46.15.

Arrow Financial Corp. (AROW) is also set to go ex-dividend tomorrow. The next dividend payment from AROW will amount to $0.27 per share. February 12 has been designated as the record date for this dividend, with the actual payout scheduled for February 23. In the previous year, AROW distributed a total of $1.08 to its valued shareholders. Considering the cumulative dividend payments from last year, the trailing yield for AROW stands at 4.48% based on the current stock price of $24.20.

Capital One Financial Corp. (COF) will be paying out a dividend of $0.6 per share to shareholders holding their shares as of the close of the business hours on the record date of February 12. Over the past 12 months, COF has paid out a total of $2.48 per share in dividends. Based on the total dividends paid out last year, COF boasts an impressive trailing yield of 1.86% on the current share price of $133.61.

Crypto Market Highlights

Most Shorted Stocks

Netstreit Corp (NTST) was one of the most shorted stocks as of latest short interest figures, with 24.37% short interest. The days to cover ratio, a measure of how long it would take for all the short positions to be covered based on average trading volume, is 17.3. This represents a change of 8180000 shares, which corresponds to a +95.56% increase in short interest. The total value of the shares held short is estimated to be around $298.64 million. The average daily volume stands at 924.58K shares, and the market capitalization of the company is $1.23B.

The Cinemark Holdings Inc with the symbol CNK currently has a short interest of 26.25%. The short interest has changed by -300000 shares. The days to cover ratio stands at 9.4. The estimated value of the shares held short is approximately $420.53 million. On an average day, 2.88M shares are traded, with the company's market capitalization totaling $1.79B.

The CompoSecure Inc with the symbol CMPO currently has a short interest of 31.33%. The short interest has changed by 140000 shares. The days to cover ratio stands at 41.2. The estimated value of the shares held short is approximately $20.58 million. On an average day, 118.83K shares are traded, with the company's market capitalization totaling $91.92M.

For the stock Atmus Filtration Technologies Inc (ATMU), the current short interest is at 36.1%. This represents a significant short interest change of -131,499 shares. The days needed to cover the short positions amount to 18.69. The approximate worth of the shares held short is $2.85 million.

The stock VMAR has a current short interest of 29.03%. The short interest percentage has experienced increase of +51.25% while there was a change of 176100 shares in short interest. The ratio indicating the time required to cover short positions is 4.3. Trading activity averages at 127.30K shares per day, while the company's market capitalization stands at $9.32M.

Biotech Stocks to Watch

According to our ST Score evaluation, Larimar Therapeutics Inc (LRMR) emerges as a high-quality stock in the Biotech industry, attaining an impressive score of 63.0. The stock's performance, financial strength, stock sentiment, and forecast are strong. However, its Piotroski Score are weak. Additionally, it is neutral in terms of value, profitability, and growth.

Our ST Score also classifies Vanda Pharmaceuticals Inc (VNDA) as a high-quality Biotech stock today, presenting a Score of 61.0. The stock has strong fundamentals in terms of valuation, profitability, financial strength, stock sentiment, and Piotroski Score. However, it has weak performance, and growth. The forecast are neutral.

Another stock in the category, Cullinan Oncology Inc (CGEM) has the ST Score of 62.0, which means that the stock carries the potential for higher returns. The stock is strong in performance, financial strength, stock sentiment, and forecast but weak in growth. Value, profitability, and piotroski score suggest a neutral outlook.

Theseus Pharmaceuticals Inc (THRX) stock has the ST Score of 61.0 which implies that the Biotech company has a high probability of beating the market. The stock's strengths lie in its performance, financial strength, and stock sentiment, but its weaknesses are in its Piotroski Score. However, it shows neutral outlook in value, profitability, growth, and forecast.

Equillium Inc (EQ) currently has the ST Score of 61.0, which signifies a huge upward potential. The Biotech stock's strong points are its valuation, profitability, and performance. The stock's growth, financial strength, stock sentiment, Piotroski Score, and forecast indicate a neutral outlook.